Overview

• The $6.5 million round combines $1.2 million in pre-seed and $5.3 million in seed financing led by Eniac Ventures and Tidal Ventures with backing from Better Capital, Ahead VC, Karman Ventures, Z21 and angel investors.
• Refold reports over 30 paying enterprise customers—including Incorta and Naehas—more than 1,500 active users and about 30 million monthly API calls, yielding low seven-figure ARR.
• Co-founders Jugal Anchalia and Abhishek Kumar drew on their ERP transformation experience from their JustDoc exit to Reliance to build a code-first, agent-driven integration platform.
• The platform runs autonomous AI agents that generate, test and auto-heal API integrations in finance, supply chain and BI environments, cutting project timelines from months to days.
• With gross margins of 75%–78% and a 24-month cash runway, Refold is positioned to invest in product development and go-to-market expansion.